It is hard to know where to begin when describing the scale of the crisis gripping Big Oil.
Blue Water Energy
St Fergus terminal operator px Group has bought a majority stake in an Aberdeen-based oil well management firm.
The last time crude prices crashed in 2014, the North Sea looked like a treasure trove for private equity looking to buy cheap assets, build them up and sell for a profit. Now, just as these firms are seeking an exit, the oil-price war might leave them trapped
A former Aberdeen energy service firm boss has found a new job south of the border.
Siccar Point Energy Ltd., the North Sea oil producer backed by Blackstone Group Inc., has received final bids from suitors including Chrysaor Holdings Ltd. and Equinor ASA, people with knowledge of the matter said.
North Sea-focused valve maker Severn Glocon Group has appointed a new chief executive on the back of a multi-million investment package of which the firm's Aberdeen business would be a "major component", the new boss claimed.
The firm which operates and maintains the St Fergus gas terminal in Aberdeenshire has bought an oil and gas project management company based in Newmachar.
Technology and training organisation 3T Energy Group has sold off the energy insulation side of its business to concentrate on developing new training technologies.
The firm which operates and maintains the St Fergus gas terminal in Aberdeenshire has appointed a new chief executive from Ineos.
A business which has pioneered technology for producing LNG without the need for pipelines has delivered its first shipment in the US.
An Aberdeenshire oil and gas pipeline welding company has been snapped up by a private-equity firm in a multi-million pound deal.
The tide of adversity has turned and the North Sea is back on the up, Oil and Gas UK (OGUK) said in its business outlook report.
Uncertainty created by volatile oil prices “paralysed” a number of North Sea asset deals at the end of 2018, a top energy sector investor said.
There’s never been a more exciting time on the UK Atlantic Frontier.
The team at Wellesley Petroleum can see a crossroads up ahead.
A north-east offshore survival training company has been acquired by a private-equity backed rival.
Norwegian explorer Wellesley Petroleum said today that its latest exploration campaign had cracked an “awkward puzzle” in the North Sea.
Private equity firm Blue Water Energy (BWE) is more interested in buying than selling at present as offshore activity shows signs of a “rebound”, its co-founder said.
The founding partner of new oil and gas training and technology company 3T Energy Group said yesterday its launch was creating a new market.
Two major private equity firms have agreed to pump $1billion into a fledgling Norwegian oil producer.
An Aberdeenshire remotely-operated vehicle (ROV) firm has expanded its fleet after receiving £56million worth of new funding.
Private equity firm Blue Water Energy (BWE) has closed its second fund after securing commitments of more than $1.1billion.
A North Sea newcomer made its second move into the basin, snapping up the UK division of OMV in a deal worth up to $1billion (£805.5million).
Private equity has, like the upstream oil & gas industry itself, been caught out by the speed and scale of the downturn, a key practitioner with a long North Sea track record has admitted.